One of the main themes of the July 2024 semiannual monetary policy testimony was the need for the Federal Reserve to remain an independent central bank against the not-so-subtle subtext that US central bankers need [...]
There are two important questions for the July 8 week. The first is what will Fed Chair Jerome Powell say in his semiannual monetary policy testimony at 10:00 ET on Tuesday before the Senate Banking [...]
Global economic data have been missing expectations since the end of May, a sustained trend that points to central-bank rate cuts and a decline for Econoday’s Global Policy Rate (a weighted average of the major [...]
The July 1 week includes the Independence Day observance on Thursday when there will be a full close of stock and bond markets in the US. The timing of the federal holiday will cause some [...]
Econoday’s Relative Performance Index (RPI) ended the week at minus 8 to indicate that global economic data, on net, are coming in just on the low side of consensus estimates. This extends a month-long trend [...]
Summer didn’t officially start until June 19, but for consumers the informal start is the Memorial Day weekend. That came a little earlier than usual on Monday, May 27. The softer performance of retail sales [...]
Economic data with market-moving potential is hard to find for the June 24 week. The calendar is not lacking in reports as the second quarter comes to a close. It is simply that most of [...]
Global activity has been tracking on the soft side of forecasts for the last month. Econoday’s Relative Performance Index (RPI) ended the week at minus 9 to indicate that global data, on net, are coming [...]
Global economic data are coming in just below Econoday’s consensus medians, at minus 12 for the overall Relative Performance Index (RPI) and at minus 11 less prices (RPI-P). These readings have been little changed for [...]
The week contains the federal holiday of Juneteenth on Wednesday. While federal offices will be closed, private offices could be open in order to give their employees a four-day weekend around the Independence Day observance [...]
